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Benzinga @Benzinga on x 307K followers
Created: 2025-04-11 15:09:00 UTC
Topgolf Callaway selling Jack Wolfskin for $290M 💼💰
Topgolf Callaway Brands $MODG is offloading its Jack Wolfskin unit to ANTA Sports for $XXX million in cash—expected to close by mid-to-late 2025.
CEO Chip Brewer says the move sharpens focus on core brands and strengthens the balance sheet ahead of a planned Topgolf spinoff.
🔹 Jack Wolfskin was projected to bring in €325M revenue in 2025 🔹 $MODG held $445M in cash as of Dec. XX 🔹 Goldman Sachs advised on the deal
Topgolf Callaway continues to bet big on its entertainment and golf divisions—including Callaway, TravisMathew, and Odyssey—as it prepares for a strategic split.
XXXXXX engagements
Related Topics balance sheet coins sports $2020hk $290m $modg